________ believe that real output is determined by aggregate supply.

A. Socialists
B. Monetarists
C. Communists
D. Keynesians


Answer: B

Economics

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A decrease in growth rates will cause:

Economics

In a foreign exchange market diagram with pesos per dollar on the vertical axis, the quantity of __________ would be on the horizontal axis, and the U.S. demand for Mexican goods would help to determine the __________ curve

A) dollars; demand B) dollars; supply C) pesos; demand D) pesos; supply

Economics

Which of the following policies should not be used to close a recessionary gap?

A. Increases in government spending B. Tax cuts C. Increases in transfer payments D. An income tax surcharge

Economics

In Figure 1.9, as you move up the curve from point J toward point M, the slope

A. Increases. B. Becomes negative. C. Decreases. D. Remains constant.

Economics